Silverfin false 31/05/2023 01/06/2022 31/05/2023 A W Barr 06/04/2001 R A Barr 09/06/2014 S Clark 12/08/2022 15/12/2020 N T Gibson 28/06/2022 06/04/2001 G Grant 01/03/2020 R McCann 04/05/2021 Z S Ogilvie 27/08/2004 V Woods 15/02/2021 06 February 2024 The principal activity of the Company during the financial year was that of public relations, design, digital and event management. SC217874 2023-05-31 SC217874 bus:Director1 2023-05-31 SC217874 bus:Director2 2023-05-31 SC217874 bus:Director3 2023-05-31 SC217874 bus:Director4 2023-05-31 SC217874 bus:Director5 2023-05-31 SC217874 bus:Director6 2023-05-31 SC217874 bus:Director7 2023-05-31 SC217874 bus:Director8 2023-05-31 SC217874 2022-05-31 SC217874 core:CurrentFinancialInstruments 2023-05-31 SC217874 core:CurrentFinancialInstruments 2022-05-31 SC217874 core:ShareCapital 2023-05-31 SC217874 core:ShareCapital 2022-05-31 SC217874 core:SharePremium 2023-05-31 SC217874 core:SharePremium 2022-05-31 SC217874 core:CapitalRedemptionReserve 2023-05-31 SC217874 core:CapitalRedemptionReserve 2022-05-31 SC217874 core:OtherCapitalReserve 2023-05-31 SC217874 core:OtherCapitalReserve 2022-05-31 SC217874 core:RetainedEarningsAccumulatedLosses 2023-05-31 SC217874 core:RetainedEarningsAccumulatedLosses 2022-05-31 SC217874 core:Goodwill 2022-05-31 SC217874 core:Goodwill 2023-05-31 SC217874 core:LandBuildings 2022-05-31 SC217874 core:FurnitureFittings 2022-05-31 SC217874 core:ComputerEquipment 2022-05-31 SC217874 core:LandBuildings 2023-05-31 SC217874 core:FurnitureFittings 2023-05-31 SC217874 core:ComputerEquipment 2023-05-31 SC217874 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2023-05-31 SC217874 core:OtherSubsidiariesTotalIndividuallyImmaterialSubsidiaries core:CurrentFinancialInstruments 2022-05-31 SC217874 2021-05-31 SC217874 bus:OrdinaryShareClass1 2023-05-31 SC217874 core:WithinOneYear 2023-05-31 SC217874 core:WithinOneYear 2022-05-31 SC217874 core:BetweenOneFiveYears 2023-05-31 SC217874 core:BetweenOneFiveYears 2022-05-31 SC217874 core:MoreThanFiveYears 2023-05-31 SC217874 core:MoreThanFiveYears 2022-05-31 SC217874 2022-06-01 2023-05-31 SC217874 bus:FullAccounts 2022-06-01 2023-05-31 SC217874 bus:SmallEntities 2022-06-01 2023-05-31 SC217874 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 SC217874 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 SC217874 bus:Director1 2022-06-01 2023-05-31 SC217874 bus:Director2 2022-06-01 2023-05-31 SC217874 bus:Director3 2022-06-01 2023-05-31 SC217874 bus:Director4 2022-06-01 2023-05-31 SC217874 bus:Director5 2022-06-01 2023-05-31 SC217874 bus:Director6 2022-06-01 2023-05-31 SC217874 bus:Director7 2022-06-01 2023-05-31 SC217874 bus:Director8 2022-06-01 2023-05-31 SC217874 core:Goodwill core:TopRangeValue 2022-06-01 2023-05-31 SC217874 core:LandBuildings core:TopRangeValue 2022-06-01 2023-05-31 SC217874 core:FurnitureFittings 2022-06-01 2023-05-31 SC217874 core:ComputerEquipment core:TopRangeValue 2022-06-01 2023-05-31 SC217874 2021-06-01 2022-05-31 SC217874 core:LandBuildings 2022-06-01 2023-05-31 SC217874 core:ComputerEquipment 2022-06-01 2023-05-31 SC217874 1 2022-06-01 2023-05-31 SC217874 1 2021-06-01 2022-05-31 SC217874 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 SC217874 bus:OrdinaryShareClass1 2021-06-01 2022-05-31 SC217874 1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC217874 (Scotland)

THE BIG PARTNERSHIP GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH THE REGISTRAR

THE BIG PARTNERSHIP GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2023

Contents

THE BIG PARTNERSHIP GROUP LIMITED

BALANCE SHEET

AS AT 31 MAY 2023
THE BIG PARTNERSHIP GROUP LIMITED

BALANCE SHEET (continued)

AS AT 31 MAY 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 4 30,944 35,820
30,944 35,820
Current assets
Debtors 5 2,338,238 1,897,006
Cash at bank and in hand 1,428,790 1,285,840
3,767,028 3,182,846
Creditors: amounts falling due within one year 6 ( 1,805,991) ( 1,259,333)
Net current assets 1,961,037 1,923,513
Total assets less current liabilities 1,991,981 1,959,333
Provision for liabilities 7 0 ( 5,117)
Net assets 1,991,981 1,954,216
Capital and reserves
Called-up share capital 8 2,571 2,571
Share premium account 58,691 58,691
Capital redemption reserve 1,387 1,387
Other reserves 7,119 7,119
Profit and loss account 1,922,213 1,884,448
Total shareholder's funds 1,991,981 1,954,216

For the financial year ending 31 May 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of The BIG Partnership Group Limited (registered number: SC217874) were approved and authorised for issue by the Director on 06 February 2024. They were signed on its behalf by:

V Woods
Director
THE BIG PARTNERSHIP GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2023
THE BIG PARTNERSHIP GROUP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 MAY 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The BIG Partnership Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 3rd Floor Fountain House, 1 - 3 Woodside Crescent, Glasgow, G3 7UL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 years straight line
Fixtures and fittings 25 % reducing balance
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Government grants

Government grants are recognised based on the performance model and are measured at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 91 92

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 June 2022 65,938 65,938
At 31 May 2023 65,938 65,938
Accumulated amortisation
At 01 June 2022 65,938 65,938
At 31 May 2023 65,938 65,938
Net book value
At 31 May 2023 0 0
At 31 May 2022 0 0

4. Tangible assets

Land and buildings Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
At 01 June 2022 182,167 33,956 201,316 417,439
Additions 0 728 12,775 13,503
At 31 May 2023 182,167 34,684 214,091 430,942
Accumulated depreciation
At 01 June 2022 182,167 20,509 178,943 381,619
Charge for the financial year 0 3,380 14,999 18,379
At 31 May 2023 182,167 23,889 193,942 399,998
Net book value
At 31 May 2023 0 10,795 20,149 30,944
At 31 May 2022 0 13,447 22,373 35,820

5. Debtors

2023 2022
£ £
Trade debtors 1,827,734 1,623,783
Amounts owed by fellow subsidiaries 319,153 74,599
Other debtors 191,351 198,624
2,338,238 1,897,006

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 497,504 263,713
Taxation and social security 672,806 630,871
Other creditors 635,681 364,749
1,805,991 1,259,333

7. Deferred tax

2023 2022
£ £
At the beginning of financial year ( 5,117) ( 4,207)
Credited/(charged) to the Profit and Loss Account 5,117 ( 910)
0 0
At the end of financial year 0 ( 5,117)

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
2,571 Ordinary shares of £ 1.00 each 2,571 2,571

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2023 2022
£ £
within one year 209,556 277,117
between one and five years 135,172 99,249
after five years 40,333 0
385,061 376,366

10. Related party transactions

The company has taken advantage of the exemption available under IFRS 102 section 1A whereby it has not disclosed transaction with the immediate parent company or any wholly owned subsidiary undertaking of the group.

11. Ultimate controlling party

The immediate and ultimate parent undertaking is Exchangelaw (500) Ltd which has its registered office at 3rd Floor Fountain House, 1-3 Woodside Crescent, Glasgow, G3 7UL.